Sensex touches new peak of 19,276 intraday

The benchmark Sensex rose to a new intra-day high of 19,276.45 on the BSE on Friday on brisk buying by funds, after the stock regulator yesterday dispelled confusion on P-notes and reiterated its position on easing front-door FII investments.

Later, the Sensex closed at 19,243.17, up 472.28 points over yesterday's close of 18,770.89.
The Securities and Exchange Board of India Chairman, Mr M Damodaran yesterday said pension funds, charitable institutions, foundations and university funds that are not regulated overseas will be able to register in India. Money managers with a one-year track record will be allowed to register funds that have been in operation for less than a year, the regulator had said.
The National Stock Exchange index, Nifty, also surged 133.35 points at 5,702.30 as heavyweights such as Reliance, Larsen and Toubro and Tata Steel and SBI gained significant grounds.

Sensex ends down 363pts at 18,451

Mirroring weakness in the global maretks, the Sensex opened marginally lower at 18,795 - down 19 points. After slipping a bit further, the index rebounded into the positive zone and touched a fresh all-time intra-day high of 18,845 - up 31 points from the previous close.

However, the index was unable to hold gains for long and instead slipped back into red. A fresh round of profit-taking in the last session saw the index tumble to a low of 18,336 - down 509 points from the day's high.

The Sensex finally ended (provisional) with a loss of 363 points at 18,451, after having gained 1,323 points in the last three trading days.

Infosys Tech Q2 net up 18% at Rs 1,100 cr

Software major Infosys Technologies' consolidated net profit after tax increased 18.41 per cent at Rs 1,100 crore for the quarter ended September 30, as compared to Rs 929 crore for the same quarter last year.

The total income of the group increased 21.13 per cent to Rs 4,260 crore for the second quarter, from Rs 3,517 crore for the corresponding quarter of the previous year, the company informed the Bombay Stock Exchange.

Infosys posted net profit after tax of Rs 1,074 crore on standalone basis for the quarter ended September 30, compared to Rs 896 crore for the same quarter last year.
The total income of the company was Rs 4,005 crore for the second quarter ended September 30, as against Rs 3,339 crore in the corresponding quarter a year ago.